Meta launches smart glasses with built-in display, reaching for 'superintelligence'
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban lin...
Nissan plans to invest an extra $1.4 billion in China by 2026 as it launches 10 new energy vehicles, aiming to recover from declining sales and catch up with faster-moving local competitors.
Nissan Motor will invest an additional 10 billion yuan ($1.4 billion) in its China operations by the end of 2026, according to Stephen Ma, the automaker’s China chief. Speaking at the Shanghai auto show, Ma outlined the company’s strategy to reverse its recent decline in sales, including the launch of around 10 new vehicles in the coming years.
Acknowledging Nissan's slow response to the rapidly evolving Chinese market, Ma praised the agility of local competitors. "The Chinese brands were too fast, to be honest. They were exceptional in how fast they moved," he said during a roundtable interview.
Nissan sold fewer than 700,000 vehicles in China in 2024, down more than 50% compared to four years earlier. The weak performance in its second-largest market forced the company to lower its global sales forecast for the fiscal year that ended in March.
To boost its competitiveness, Nissan presented several new models at the Shanghai event. Among them were its first plug-in hybrid, the Frontier Pro pickup, and the production version of the N7, a battery electric sedan developed with local partner Dongfeng, which is set to go on sale this month.
The automaker also revised its target for new energy vehicles in China, raising it to 10 models by the summer of 2027, up from a previous goal of eight by the end of 2025. “We were always being criticised for being late to the plug-in hybrid trend, but now we have the first one. And we wanted to do something special with it,” Ma said.
The success of Nissan’s turnaround, Ma noted, will ultimately be reflected in sales and share performance. He added that the company’s new CEO, Ivan Espinosa, who replaced Makoto Uchida in March, has placed strong emphasis on rapid execution. “He for sure put a huge objective on me: fast, fast, fast, fast,” Ma said.
Espinosa was not present at the show, while Uchida, who remains on Nissan’s board until June, joined Ma for a private meeting at the company’s booth.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence (AI) era.
Entrepreneur Nelson Yang is reaching back into Taiwan's history to turn the humble banana plant into an unlikely sustainable textile. Taiwan is now the world's dominant producer of advanced semiconductors but the yellow fruit, still widely grown on the island, was once a source of patriotic pride.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
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